This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Colruyt Group Selects Descartes' Excise Movement & Control System (EMCS) Compliance Solution

Descartes Solution Addresses EMCS Arrival and Departure Filings Between EU Member States

WATERLOO, Ontario and LIER, Belgium, Feb. 17, 2011 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX) announced that Colruyt Group selected Descartes' Excise Movement & Control System (EMCS) solution to help it manage electronic declarations for excise shipments.

The EMCS is part of the European Union's (EU) Multi Annual Strategic Plan program to implement electronic customs in the EU to monitor movements of excise goods that have not yet been released for consumption. Since January 1, 2011, information on shipments between different EU member states must be filed electronically by EMCS standards.

Colruyt Group is a major player in Europe's retail network. The group operates a number of leading retail brands, such as its discount supermarket chain. Colruyt chose Descartes' EMCS declaration module to help it comply with EU regulations on movements between EU member states of excise goods under duty suspension. Descartes' EMCS declaration module manages both arrival and departure filings for excise goods for multiple EU member states. The solution offers numerous additional features that maximize the return on investment, such as seamless integration with existing information technology environments and multi-country filing capabilities, allowing for a more efficient process.

"Colruyt Group has made significant investments in new technologies to align its operations with evolving compliance requirements," says Kenneth De Neve, Project Manager at Colruyt Group. "Descartes is unique in its integrated and professional approach to optimizing compliance requirement processes."

This new agreement strengthens the relationship between Descartes and Colruyt Group. Colruyt Group is already using a Descartes Mobile Resource Management solution to optimize route planning and simulate distribution alternatives.

"We are excited to expand our relationship with Colruyt Group. Our EMCS solution helps Colruyt create transparency and efficiency throughout its supply chain processes and provides one solution for multi-country filings by Colruyt's different wholesale entities," said Cindy Yamamoto, Senior Vice President of Trade Compliance at Descartes. "As EU member states continue to implement a variety of legislative measures to secure the supply chain, our on-demand solutions help our customers to maintain control and improve speed of customs processing across multiple jurisdictional boundaries."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
YHOO $27.05 -3.29%
AAPL $95.01 1.05%
FB $99.75 -4.15%
GOOG $682.74 -0.12%
TSLA $147.99 -8.99%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs